Zunami Protocol, a rising player in the decentralized finance (DeFi) landscape, has become the latest victim of a significant security breach. On Sunday, the DeFi platform confirmed that its liquidity pool on Curve Finance had been targeted by attackers, resulting in a substantial loss exceeding $2 million.
Renowned for its role as a yield farming aggregator for stablecoin staking, the protocol suffered a major setback as its primary “zStables” pool on Curve Finance became the focal point of the attack. This pool facilitates the decentralized exchange (DEX) of stablecoins within the Ethereum network.
In the aftermath of the breach, Zunami Protocol issued a warning to its users, advising against the purchase of its Zunami Ether (zETH) or Zunami USD (UZD) stablecoins.
This incident sheds light on the ongoing vulnerability of DeFi projects and the challenges they face in ensuring robust security measures.
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